Military expenditure in Thailand
Thailand: Military expenditure was 194.81 billion current LCU in 2024. ◆ Volatile
Military expenditure in Thailand, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
Thailand recorded 194.81 billion current LCU for military expenditure in 2024.
Compared with earlier readings it is down 2.5% on the previous year and up 7.4% over ten years.
Over the whole period, military expenditure in Thailand peaked at 228.28 billion current LCU in 2020 and was at its lowest, 1.24 billion current LCU, in 1961.
Thailand ranks 55th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.17 billion current LCU | 1.24 billion current LCU | 3.85 billion current LCU | 10 |
| 1970s | 10.67 billion current LCU | 4.52 billion current LCU | 24.48 billion current LCU | 10 |
| 1980s | 39.68 billion current LCU | 28.12 billion current LCU | 49.85 billion current LCU | 10 |
| 1990s | 83.21 billion current LCU | 56.65 billion current LCU | 102.40 billion current LCU | 10 |
| 2000s | 90.26 billion current LCU | 75.09 billion current LCU | 148.78 billion current LCU | 10 |
| 2010s | 187.00 billion current LCU | 157.24 billion current LCU | 222.18 billion current LCU | 10 |
| 2020s | 212.34 billion current LCU | 194.81 billion current LCU | 228.28 billion current LCU | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 29.9% (2024)
- Taxes on goods and services 41.7% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) -1.5% (2024)
- Interest payments 5.8% (2024)
- Grants and other revenue 20.0% (2024)
- Interest payments 5.5% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is military expenditure in Thailand?
- Military expenditure in Thailand was 194.81 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Thailand?
- The highest recorded value was 228.28 billion current LCU in 2020.
- What is the lowest military expenditure recorded in Thailand?
- The lowest recorded value was 1.24 billion current LCU in 1961.
- How does Thailand rank for military expenditure?
- Thailand ranks 55th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Thailand?
- Over the last ten years it is up 7.4%. The long-run trend across the full record is volatile.
- Where does this Thailand data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)